Hundreds turn out for auction of items of Indiana man who tried to fake death, abandoned plane over Alabama

INDIANAPOLIS -- Auctioneers are selling off items owned by a former Indiana money manager who tried to fake his death in a plane crash, including the motorcycle he used to flee after parachuting from his plane over Alabama.

Hundreds of people turned out as Marcus Schrenker's belongings went up for bid Saturday in Indianapolis.

One attendee paid $28,000 for a $68,000 boat. But others were just curious about a man who investigators say abandoned his plane near Birmingham, then used a motorcycle he'd stashed in a Harpersville shed to elude authorities for two days. The plane crashed unmanned in a Florida swamp.

Schrenker is serving four years in prison for the 2009 crash. His securities fraud trial begins in October in Indiana. He's accused of bilking investors out of $1.5 million. He's pleaded not guilty.

Receiver Wayne Davis talks about the upcoming auction of the personal property of financier Marcus Schrenker, including the motorcycle he rode from Harpersville, Ala., as he sped off into the Gulf Coast wilderness after crashing his airplane in a bogus suicide. (AP)